Minority Press Releases

June 19, 2007

Banking Chairman Dodd and Senator Landrieu Announce Comprehensive Legislation to Help Gulf Coast Communities and Families Recover from Hurricane Katrina

Washington - Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today announced that they will introduce a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives. “Katrina wreaked tremendous havoc and damage, but it couldn’t wash away and destroy the resilience of the people of the Gulf Coast. To fully recover, f… Continue Reading


June 19, 2007

Banking Chairman Dodd and Senator Landrieu Announce Comprehensive Legislation to Help Gulf Coast Communities and Families Recover from Hurricane Katrina

Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today announced that they will introduce a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives. “Katrina wreaked tremendous havoc and damage, but it couldn’t wash away and destroy the resilience of the people of the Gulf Coast. To fully recover, families there… Continue Reading


June 19, 2007

Statement of Chairman Dodd in Reaction to House Introduction of Terrorism Risk Insurance Revision and Extension Act of 2007

“I commend Barney Frank and Mike Capuano for their efforts. It is vitally important that we protect American workers, jobs, businesses and infrastructure from future terrorist attacks - both for the security and prosperity of our nation. As I have stated in the past, we must be prepared against any future terrorist threat, and providing insurance against terrorist attacks, which allows our economy to function, is a critical part of our national preparedness. I will examine the House bill as … Continue Reading


June 13, 2007

Senators Dodd and Shelby React to the Treasury Department's International Economic and Exchange Rate Policy Report

Washington, D.C. - Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today expressed disappointment upon receiving the bi-annual International Economic and Exchange Rate Policy Report from the U.S. Treasury Department. Specifically, the Senators were concerned that the report did not identify China as a currency manipulator, an oversight that has adverse effects on the American manufacturing industry, the U.S. trade deficit, and o… Continue Reading


June 13, 2007

Senators Dodd and Shelby React to the Treasury Department's International Economic and Exchange Rate Policy Report

Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today expressed disappointment upon receiving the bi-annual International Economic and Exchange Rate Policy Report from the U.S. Treasury Department. Specifically, the Senators were concerned that the report did not identify China as a currency manipulator, an oversight that has adverse effects on the American manufacturing industry, the U.S. trade deficit, and our overall competit… Continue Reading


June 12, 2007

Dodd, Shelby Announce Bipartisan Agreement Requiring Stringent New Oversight to Protect U.S. Jobs and Combat China Currency Manipulation

Responding to years of inaction by the Treasury Department to identify and promptly adjust currency manipulation by our largest trading partners, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today announced that they will introduce legislation to level the playing field for American workers and businesses. China's ongoing intervention to keep the yuan undervalued has contributed to the loss of approximately three million Am… Continue Reading


June 12, 2007

Dodd, Shelby Announce Bipartisan Agreement Requiring Stringent New Oversight to Protect U.S. Jobs and Combat China Currency Manipulation

Washington, D.C. - Responding to years of inaction by the Treasury Department to identify and promptly adjust currency manipulation by our largest trading partners, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today announced that they will introduce legislation to level the playing field for American workers and businesses. China’s ongoing intervention to keep the yuan undervalued has contributed to the loss of approximate… Continue Reading


June 8, 2007

Chairman Dodd Unveils Plan to Help Students Afford College

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today announced that he will introduce legislation to help students and their families afford college. Chairman Dodd’s legislation would implement needed reforms in the private student lending market - the fastest-growing segment of the $85 billion student loan industry - and will help ensure that all students wishing to pursue a higher education are able to obtain the most competitive and afforda… Continue Reading


June 8, 2007

Chairman Dodd Unveils Plan to Help Students Afford College

Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, today announced that he will introduce legislation to help students and their families afford college. Chairman Dodd’s legislation would implement needed reforms in the private student lending market - the fastest-growing segment of the $85 billion student loan industry - and will help ensure that all students wishing to pursue a higher education are able to obtain the most comp… Continue Reading


June 6, 2007

Opening Statement of Chairman Chris Dodd - Hearing on “Paying for College: The Role of Private Student Lending.”

The Committee will please come to order. This morning, the Committee examines the role of private student lending in keeping college affordable and accessible. I want to thank Attorney General Cuomo and our other witnesses for their appearance today. I can think of no more important topic that this Committee can address at this particular time. Our nation - and our world -- is growing more complex and interconnected by the day. Never has higher education been more crucial to the success o… Continue Reading


June 5, 2007

Chairman Dodd Announces Witnesses to Testify at Hearing on College Affordability and Private Student Lending

Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs and senior Democrat on the Senate Committee on Health, Education, Labor and Pensions, today announced that he expects the following witnesses to testify at the hearing he will convene tomorrow entitled “Paying for College: The Role of Private Student Lending.” At the hearing, Chairman Dodd will focus on the growth of the private educational loan market and its impact on college a… Continue Reading


May 31, 2007

Chairman Dodd Sends Letter to SEC:
Calls for Greater Disclosure on Investments in Iran, Sudan

Washington, D.C. - In keeping with his commitment to national security and economic opportunity, Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), urging the SEC to fully develop its Office of Global Security Risk to protect American investors from unknowingly becoming involved with sponsors of terrorism and human rights abuses, as mandated by law thre… Continue Reading


May 31, 2007

Chairman Dodd Sends Letter to SEC:
Calls for Greater Disclosure on Investments in Iran, Sudan

In keeping with his commitment to national security and economic opportunity, Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), urging the SEC to fully develop its Office of Global Security Risk to protect American investors from unknowingly becoming involved with sponsors of terrorism and human rights abuses, as mandated by law three years ago. Among… Continue Reading


May 31, 2007

Dodd Seeks More Action to Stop Genocide in Darfur

Washington, D.C. - Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, applauded the President's announcement today that the Department of the Treasury would extend U.S. sanctions to 30 Sudanese companies and three individuals who, according to the Administration, have contributed to the mass murder of countless people in Darfur. Dodd also insisted that more remained to be done, announcing his intention to push for speedy enactment of his bill to … Continue Reading


May 31, 2007

Dodd Seeks More Action to Stop Genocide in Darfur

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, applauded the President's announcement today that the Department of the Treasury would extend U.S. sanctions to 30 Sudanese companies and three individuals who, according to the Administration, have contributed to the mass murder of countless people in Darfur. Dodd also insisted that more remained to be done, announcing his intention to push for speedy enactment of his bill to increase penalties … Continue Reading


May 31, 2007

Chairman Dodd Inquires About Supreme Court Case in Letter to SEC

Senator Chris Dodd, Chairman of the Committee on Banking, Housing, and Urban Affairs, on Friday sent a letter to Christopher Cox, Chairman of the U.S. Securities and Exchange Commission (SEC), regarding the Supreme Court’s upcoming consideration of a case that raises an important issue regarding securities law. In the letter, Chairman Dodd asks Chairman Cox whether the SEC plans to write an amicus brief in the Supreme Court case. If so, Chairman Dodd inquires whether the brief would advocate th… Continue Reading


May 25, 2007

Statement of Chairman Dodd on Fed Response to Letter Regarding HOEPA

Senator Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement regarding a letter he received from the Federal Reserve Board that was sent in response to the Chairman’s April 24th letter: “I appreciate the fact that the Federal Reserve Board will be holding a hearing to consider action under the Home Ownership and Equity Protection Act (HOEPA). In my view, a hearing is simply a first step in the Board fulfilling its obligation unde… Continue Reading


May 25, 2007

Statement of Chairman Dodd on Fed Response to Letter Regarding HOEPA

Senator Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today issued the following statement regarding a letter he received from the Federal Reserve Board that was sent in response to the Chairman’s April 24th letter: “I appreciate the fact that the Federal Reserve Board will be holding a hearing to consider action under the Home Ownership and Equity Protection Act (HOEPA). In my view, a hearing is simply a first step in the Board fulfilling its obligation unde… Continue Reading


May 24, 2007

Chairman Dodd Reacts to Securities and Exchange Commission Final New Rules Under Sarbanes-Oxley Act

Senator Chris Dodd, D-Conn., Chairman of the Senate Committee on Banking, Housing and Urban Affairs, made the following statement in reaction to the final rule under Section 404 of the Sarbanes-Oxley Act that was approved by the Securities and Exchange Commission earlier today: “I believe that Sarbanes-Oxley Act is sound and has worked in achieving its over-arching goals of improving financial reporting, strengthening corporate governance and enhancing the integrity of analysts’ recommendati… Continue Reading


May 24, 2007

Chairman Dodd Reacts to Securities and Exchange Commission Final New Rules Under Sarbanes-Oxley Act

Washington - Senator Chris Dodd, D-Conn., Chairman of the Senate Committee on Banking, Housing and Urban Affairs, made the following statement in reaction to the final rule under Section 404 of the Sarbanes-Oxley Act that was approved by the Securities and Exchange Commission earlier today: “I believe that Sarbanes-Oxley Act is sound and has worked in achieving its over-arching goals of improving financial reporting, strengthening corporate governance and enhancing the integrity of analysts’ … Continue Reading

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